Westerman Inc News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Worthington Industries Divests Oil & Gas Equipment Business Worthington Industries Divests Oil & Gas Equipment Business COLUMBUS, Ohio, Feb. 01, 2021 — Worthington Industries, Inc. (NYSE: WOR) today announced that it sold its oil & gas equipment business to an affiliate of Ten Oaks Group. The divestiture includes the related operating assets located in Bremen, Ohio and Tulsa, Okla.   Worthington retained the real estate associated with the business and is leasing it back to the new owners, who will operate the business as Westerman, Inc. “We’re pleased to find a family-owned buyer in...

Sharing details of the divestiture yesterday (1 st Feb), Worthington said it includes the related operating assets located in Bremen, Ohio and Tulsa, Okla. Worthington will retain the real estate associated with the business and is leasing it back to the new owners, who will operate the business as Westerman, Inc. “We’re pleased to find a family-owned buyer in Ten Oaks that can better position our oil & gas equipment business for success,” said Andy Rose, Worthington’s President and CEO “The employees in this business are dedicated and have worked tirelessly to bring innovative sol...